The 50% retracement of a prior move high can be a powerful support area. TLT is looking to find some key support areas after the February selloff.
As investors sort out the Fed's QE decision, watching bonds is very important.
As investors sort out the Fed's QE decision, watching bonds is very important.
- Buy Delta 70 calls if TLT crosses above the 131.65 level with an upside target of 134.09.
- Look to leave yourself at least 60 days of time in your call option.